Company reported net profit after tax of Rs 174.55 Crore in latest quarter.

Motilal Oswal has neutral call on Ltd. with a target price of Rs 9850. The current market price of Atul Ltd. is Rs 8914.75. Time period given by analyst is one year when Atul Ltd. price can reach defined target.

Atul Ltd., incorporated in the year 1975, is a Mid Cap company (having a market cap of Rs 26363.39 Crore) operating in Chemicals sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1134.56 Crore, up 14.58 % from last quarter Total Income of Rs 990.15 Crore and up 13.34 % from last year same quarter Total Income of Rs 1001.02 Crore. Company reported net profit after tax of Rs 174.55 Crore in latest quarter.

Did you Know?

Stock score of Atul Ltd moved down by 1 in a week on a 10-point scale.

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Investment Rationale
The stock is trading at 30x FY23E EPS of INR299 and 21x FY23E EV/EBITDA. The brokerage values ATLP at 33x FY23E EPS to arrive at TP of INR9,850. It initiates coverage with a Neutral rating (owing to a limited upside).

(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

Neutral on Atul, target price Rs 9850: Motilal Oswal

Atul Ltd., incorporated in the year 1975, is a Mid Cap company (having a market cap of Rs 26363.39 Crore) operating in Chemicals sector.

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